Sold!
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This is not your traditional gym! This gym is best described as a group based fitness facility, which only opens for classes or prearranged private training sessions. Currently offering 35 sessions a week, this gym still has plenty of potential and room to grow.
Located on the fringe of the city and currently servicing 350 members, this gym captures a broad range of members aged from 18 to 65 years of age, at least 40% of which are females between 21 to 35 years old.
Offering a fun, friendly and down to earth environment, the current owners work part time on site and did not have a background in fitness prior to owning the business.
At a glance:
| Goodwill | $229,000 |
| Plant & Equipment | $11,000 |
| Stock at valuation (approx) | $2,000 |
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$242,000 |
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Two vendors work in the business part time with a number of contract and casual trainers and reception staff.
| Current Rent | $3,714.98 per month including GST |
| Lease Term | 3 years |
| Lease Commencement | November 2014 |
| Right of Renewal | It is anticipated a purchaser will be granted a new lease on similar terms |
| Outgoings | Paid by tenant |
| Adjustments | 4% per annum |
| Bank Guarantee | 3 months' rent |
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